3107 Ingalls Ave APT 3B, Joliet, IL, 60435 | $374/mo Cash Flow

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3107 Ingalls Ave APT 3B, Joliet, IL, 60435 | $374/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Joliet at 3107 Ingalls Ave APT 3B, Joliet, IL, 60435 offers a 10.62% rental yield on a $195,000 purchase with $1,726/mo rent. Total monthly income registers $1,726/mo, and a $954/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,486/yr on $64,643 to close, and return on cash invested stands at 26.85% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 141.04% and total cumulative return in cash at $91,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,726/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Very nice Woodland Terrace condo with 2 garages. This 2-bedroom 2 bath unit has newer floors and been freshly painted. All the glass has been recently replaced in all of the windows, and the sliding glass door has been replaced as well. The HVAC was replaced in 2020. This is a great layout with a large living area and private balcony that overlooks the picturesque grounds that is adjacent to forest preserve and is very private and quiet. These are well built Burla condos that have been meticulously kept up. Make this a must see condo because it will not last.

Neighborhood Data

Neighborhood data shown for ZIP Code: 60435, Joliet, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,279 (100%)
Owner Occupied HU	12,057 (62.5%)
Renter Occupied HU	6,445 (33.4%)
Vacant Housing Units	777 ( 4.0%)
Median Home Value	$240,246
Average Home Value	$280,440